Average final price
Information based on provisional data from 8 April, 2022
The average final price of energy registered an all-time high in 2021. It is almost triple that of last year and doubles the figures registered between 2017 and 2019.
In 2021, the total energy managed in the electricity market (reference supplier plus free contracting) was 2.4 % higher than the previous year.
The average final energy price in the electricity market in 2021 was 118.65 €/MWh, the highest price ever. The previous all-time high was registered in 2008 when it reached a value slightly below 70 €/MWh, with the price this year being 70.6 % higher. This is nearly triple the price registered in 2020 and double that of the figures registered between 2017 and 2019.
Components of the average final price of energy on the Spanish peninsula. (Reference supplier + free contracting market)
Final energy: Includes own consumption of ancillary generation services.
A month-on-month comparison shows that, with the exception of February, prices were higher than in the same months of the previous year. The previous year, due to the pandemic, prices were very low from March to June, registering an all-time monthly low in April, but the biggest increases compared to the previous year did not occur in these months, but in the last four months of the year. In those last months of the year, the variation was more than 200 % compared to the same month of the previous year.
Components of the average final price of energy in the electricity market
The weight of the day ahead and intraday market component increased in 2021, reaching 95.3 %, which is the highest percentage ever, surpassing the 94.8 % of 2008. The share of ancillary services represents 3.6 %, very similar to that of 2018 and below the 6.3 % registered in 2020. The share of capacity payments represents only 1.1 %, much lower than in previous years, and only comparable to the 1.5 % in 2008.
Comparing the impact of the price on demand served showed that the price of the day-ahead and intraday market almost tripled compared to the previous year, the price of ancillary services increased by 68.5 % and capacity payments were reduced by almost 51 %.
Components of the average final price of energy in the electricity market in 2021
Electricity markets
Voluntary price for small consumers
Electricity markets
Day-ahead market